Lex Contract Hire and Car Leasing

Lex Autolease is one of the UK's leading fleet management and fleet funding specialist, offering vehicle leasing for fleets large and small. The company was created from the merger of Lex with Lloyds TSB Autolease.

At Lex Autolease, the approach is to pursue a true partnership with businesses and public sector organizations, working side by side with you to help you face the challenges of running a fleet.

Contract Hire

A simple and cost effective way to fund any number of vehicles.

Simply choose the vehicles you want, and we purchase and manage them; you then pay a fixed monthly rental. This method of funding is popular with all types of fleets as it allows the vehicle to remain a business expense but never appear on your company's balance sheet.

The Benefits

Contract Hire allows the vehicle to be available for business use but it does not appear on your company balance sheet. It also offers you the benefit of lower monthly payments due to the VAT advantages of leasing.

What is Contract Hire?

Contract Hire is a fixed monthly payment for your vehicles with the option to include maintenance. The contract can be fixed to suit your needs and is typically between two and four years.

As you never own the vehicle, at the end of the contract we will sell the vehicle on your behalf. This means you never take the risk on the final value or have the worry of selling it. All you need to decide is the length of the contract and the expected mileage, and we will look after the rest.

Contract Hire includes:

Total vehicle management package including funding and optional maintenance

VAT can be claimed on funding the vehicle depending on usage, for mixed private & business use*

Tailored contract, term and mileage - minimum 24 months to a maximum of 60 months

Tailored payment plans according to your needs

The option to bolt on additional services to suit your fleet such as maintenance

Quotation can be based on net rental, effective rental and Whole Life Cost

* Subject to restrictions.

How It Works

We can help you decide what types of vehicle will suit your fleet requirements as well as the best term and mileage to suit your needs. We can invoice either electronically or paper-based, helping to reduce administration and improve cash flow.